Great Eastern Shipping : Q1FY23 Updates Presentation

Except for historical information, the statements made in this presentation constitute forward looking statements. These include statements regarding the intent, belief or current expectations of GE Shipping and its management regarding the Company's operations, strategic directions, prospects and future results which in turn involve certain risks and uncertainties. Certain factors may cause actual results to differ materially from those contained in the forward looking statements; including changes in freight rates; global economic and business conditions; effects of competition and technological developments; changes in laws and regulations; difficulties in achieving cost savings; currency, fuel price and interest rate fluctuations etc. The Company assumes no responsibility with regard to publicly amending, modifying or revising the statements based on any subsequent developments, information or events that may occur.

FINANCIAL YEAR Q1FY23

01 Aug 2022

REPORTED FINANCIAL

HIGHLIGHTS

GE Shipping Q1FY23 consolidated Net Profit at INR 457 Cr
Declared 1st interim dividend of INR 5.40/Share for FY2023
	Standalone	Key Figures	Consolidated
	Q1FY23	Q1FY22	(Amount in INR Cr)	Q1FY23	Q1FY22
			Income Statement
	1,165	664	Revenue (including other income)	1,398	801
	616	292	EBITDA (including other income)	723	283
	428	99	Net Profit	457	12
			Balance Sheet
	11,077	10,706	Total Assets	14,143	13,931
	6,924	6,210	Equity	8,471	7,742
	3,173	3,640	Total Debt (Gross)	4,380	4,922
	71	724	Long Term Debt (Net of Cash)	421	1,162
			Cash Flow
	444	230	From operating activities	475	237
	(24)	(177)	From investing activities	(36)	(243)
	(408)	(286)	From financing activities	(460)	(335)
	12	(232)	Net cash inflow/(outflow)	(21)	(341)		4

NORMALIZED FINANCIAL

NOTES

1. The impact of the exchange rate on foreign currency loans and current assets and liabilities, including cash and bank balances, has been removed
2. NCD & Currency Swap:

• Funds raised through NCDs have been swapped into USD using INR-FCY swaps, thus creating synthetic fixed rate USD loans.
• The MTM change of these swaps impacts the reported numbers.
• Normalized numbers are worked out after making necessary adjustments to reported numbers to reflect the effective cost of the synthetic USD loans.

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